Press Releases

Press Release
For Immediate Release
Ministry hopes RS will clear Motor Vehicles Bill in winter session: Yudhvir Singh Malik
New Delhi, December 13, 2017: The Ministry of Road Transport and Highways is hoping that the Motor Vehicles (Amendment) Bill, 2016 will be cleared by the Rajya Sabha during the winter session of Parliament, said Yudhvir Singh Malik, Secretary, Ministry of Road Transport and Highways said at an ASSOCHAM event held in New Delhi today.

Bhubaneswar, December 12, 2017: India’s total containerized cargo capacity of 8.75 million TEUs (twenty-foot equivalent units) at all its 12 major ports, a key indicator of a country’s integration with global supply chain for value-added manufactured goods, is less than a quarter of containerized goods handled at China’s single port of Shanghai, making it imperative for us to do a fast catching up, an ASSOCHAM comprehensive study on ports has pointed out.

New Delhi, December 12, 2017: Advocating either policy framework or firm stop, for the Bitcoin which is attracting average 3500 new users/entrants in India alone, ASSOCHAM has stated that Indian start ups are more fascinating by Initial Coin Offering (ICO) route for raising funds, being Bitcoin’s bullish market than capital market, P/E or Venture Capital routes.

New Delhi, December 11, 2017: In sync with the demonetisation, lacklustre business sentiment and stalling of new projects have led to drying of job opportunities for b-category business schools which are struggling hard for placement so far with only 20% of students landing with employment offers, making this placement year the most challenging in recent years, reveals the ASSOCHAM latest paper.

New Delhi, December 9, 2017: If there is one sector which needs the maximum of the government’s attention and the top most priority in the ensuing Budget , it is the agriculture that has seen a major setback in Kharif production , leading to overall laggard growth of the farm sector in the country’s GDP performance for the second quarter of the current fiscal, ASSOCHAM said today.

New Delhi, December 7, 2017: The National Company Law Tribunals (NCLTs) should be empowered by law to grant relief on any tax that may be imposed on any waiver of accrued interest with regard to stressed assets referred for resolution under the Insolvency and Bankruptcy Code, the ASSOCHAM has said in its communication to the Finance Minister Mr Arun Jaitley.

New Delhi, December 6, 2017: Making out a strong case for slashing of corporate tax to 25 per cent, the ASSOCHAM President Mr Sandeep Jajodia said in his presentation before Finance Minister Mr Arun Jaitley tax exemption limits for senior citizens and salaried employees should be also raised substantially for a demand push to the economy.

Gurugram, December 5, 2017: The Union Ministry of Human Resource Development is taking on and trying to weed out mafia in the education sector, a top official said at an ASSOCHAM-Management Development Institute (MDI) joint event held in Gurugram today.

New Delhi, December 4, 2017: The bilateral trade between India and Africa which reached about $60 billion in 2015-16 will cross $100 billion mark in next two years owing to improvement in business environment in the country together with better infrastructure and connectivity across African continent, Union Minister Mukhtar Abbas Naqvi said at an ASSOCHAM event held in New Delhi today.

India’s healthcare market may see threefold rise as its size in value terms is likely to reach $372 billion (bn) by 2022 from the level of $110 bn as of 2016 thereby clocking a compounded annual growth rate (CAGR) of 22 per cent, according to an ASSOCHAM-RNCOS joint paper.